Canadian General Investments (CGI) AGM 2026 presentation summary

Financial performance review

• Over 25 years to Dec. 31, 2025, annualized total return was 11.8% vs. 10.7% for the TSX; over 50 years, 10.5% vs. 8.1%.

• A $100,000 investment grew to $1,255,860 over 25 years and $25,879,180 over 50 years, compared with $697,140 and $14,945,100 for the TSX, respectively.

• As at Mar. 31, 2026, portfolio value was $1,895M, unrealized gains were $1,169M, and holdings numbered 54; top 10 represented 35% of the portfolio.

• Portfolio turnover was 11.5%; cash and cash equivalents were 0.7% as at Mar. 31, 2026.

Dividend announcements

• Quarterly dividend growth continued for 12 consecutive years; the Board changed policy in 2013 to support steady-to-rising total dividends and reduce the year-end special capital gains dividend's significance.

• Cumulative distributions exceeded $478M since 1998; the presentation described quarterly dividends as steady, consistent and growing.

Strategic initiatives and plans

• Mandate: medium- to long-term investments, primarily in Canadian companies, using bottom-up stock selection within a macro strategy; sector exposure capped at 35%, with at least 75% Canadian and no more than 25% U.S. equities.

• Portfolio themes included gold, supported by central-bank buying and demand for hedges and diversification, and uranium, supported by nuclear energy demand, decarbonization and energy security.

• Gold-related holdings included Franco-Nevada, Wheaton Precious Metals, Alamos Gold and G Mining Ventures; uranium holdings included Cameco and NexGen Energy.